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Compare State Farm vs. Farmers: Quotes, Discounts (2022)

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Doug Shaffer

By: Doug Shaffer

Edited by Tanveen Vohra

Last Updated June 15, 2022

Why you can trust Insurify

Insurify partners with top insurance companies and is a licensed agent in all 50 states. However, the insurance experts writing our content operate independently of our partners. Check out reviews from over 3,000 satisfied customers, how we make money, our data methodology, and our editorial standards.

State Farm vs. Farmers: A Summary

Comparing car insurance providers like State Farm and Farmers is the best way to determine which company is right for you. Farmers Insurance had the higher Insurify Composite Score, while State Farm was the cheaper of the two options.

Insurance CompanyAvg. Monthly Car Insurance QuoteInsurify Composite Score
State Farm$5283
Farmers$10785
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

ICS Score Explanation:

The Insurify Composite Score (ICS) is a proprietary rating calculated by a team of data scientists at Insurify, weighing multiple factors that reflect the quality, reliability, and health of an insurance company.

Inputs to the score include financial strength ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews.

State Farm

State Farm currently holds the largest market share out of any insurance provider in the country. Millions of drivers choose the insurance company as their car insurance provider each year because of its cheap rates, flexible coverage, and large catalog of discounts.

In addition to the cheap car insurance rates, State Farm has developed a reputation for putting policyholders first—often scoring high customer satisfaction ratings.

Pros

  • Extremely affordable rates for nearly all subgroups of drivers

  • Strong customer satisfaction ratings

  • Large catalog of insurance discounts to choose from, including bundling with home insurance

Cons

  • Gap insurance currently isn’t available for drivers to purchase

  • Non-original parts are often used during repairs

  • No incentive or rewards program for long-term customers

Farmers

Farmers Insurance is one of the industry leaders for customer service. They continue to go the extra mile for policyholders and provide an enjoyable experience throughout the insurance process.

Along with an excellent customer service experience, Farmers Insurance offers a wide range of insurance products and add-ons to help customize your coverage. Drivers also have access to over 20 discounts when applying for coverage with Farmers.

As long as you are okay with a slightly higher monthly premium, you should consider requesting a quote from Farmers Insurance.

Pros

  • Customer service and claims experience both score extremely well

  • Easy-to-use mobile app

  • Rideshare coverage plans offered in many states

Cons

  • Monthly rates are much higher than competitors’ rates

  • Drivers aren’t able to purchase gap insurance

External Financial Strength Ratings

Both companies performed well on the financial strength review. However, State Farm had the better scores in most of the independent rankings.

Rating FactorState FarmFarmers
FitchWDWD
A.M. BestA++A
Moody’sWRBaa2
S&PAAA
J.D. Power872868

The Best Car Insurance Companies in 2022

With so many insurance providers in the marketplace, it can be difficult for each company to stand out. However, Safeco has done an excellent job, offering competitive pricing for drivers with poor credit. State Farm has made its name by providing low rates across the board to all drivers.

RankCompany NameAverage Monthly QuoteInsurify Composite Score
1Clearcover
Best Overall
$13597
2Nationwide
Best for Safe Drivers
$19989
3American Family
Best for Families with Teen Drivers
$23489
4Safeco
Best for Drivers with Poor Credit
$18686
5Farmers
Best for Rideshare Coverage
$23985
6Foremost
Best for Hassle-Free Claims
$15982
7Liberty Mutual
Best for Accident Forgiveness
$24182
8Mercury
Best for Face-to-Face Service
$23281
9Progressive
Best for Senior Drivers
$14780
10Travelers
Best for Young Drivers
$16380
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

It is common for insurance companies to become known for specific features or benefits to their policyholders. For example, State Farm has earned a reputation for providing affordable coverage to everyone, while Farmers is known for its excellent customer service.

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Compare State Farm vs. Farmers: Which Is Cheaper?

If you’re considering purchasing a car insurance policy through State Farm or Farmers and want the cheapest rate, you should choose State Farm. Not only was it the cheapest for standard auto insurance, but it was also lower in every driver subgroup.

The Cheapest Car Insurance Companies in 2022

RankInsurance CompanyAverage Cost Per MonthICS
1USH&C$44Not Rated
2Metromile$63Not Rated
3Direct Auto$64Not Rated
4Travelers$6580
5Kemper$71Not Rated
6Progressive$87Not Rated
7Mile Auto$9185
8National General$9358
9Clearcover$9497
10GAINSCO$94Not Rated
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

State Farm performed exceptionally well in nearly all subcategories of drivers when looking at rates. It also offered the cheapest rates for drivers with DUIs and drivers with excellent credit. On the other hand, Farmers Insurance did a great job combining affordable rates with excellent customer service.

Compare State Farm vs. Farmers Car Insurance by Age

Drivers can often improve certain factors to obtain a lower premium. For example, improving your credit score or cleaning up your driving record can result in cheaper auto insurance. However, age, which most insurance providers use, can’t be changed.

Many car insurance companies associate age with experience when assessing risk. The more experience a driver has, the less likely they are to be involved in a crash, which is why most young drivers pay more for a car insurance policy. Farmers and State Farm follow this pattern as 18-year-old drivers pay three to four times more for insurance coverage than 55-year-olds.

Age GroupState Farm Avg. Auto Insurance RatesFarmers Avg. Auto insurance Rates
Teen$116$343
20s$50$106
30s$46$102
40s$45$97
50s$43$82
60s$43$87
70s$49$106
80+$55$118

Compare State Farm vs. Farmers Car Insurance by Gender

Most drivers don’t consider gender as something that would affect their auto insurance rates, but the truth is that it can cause a fluctuation in rates. For example, female drivers often receive lower monthly premiums than male drivers due to statistics. Historically, male drivers are more likely to speed or have an accident on their driving record than female drivers.

State Farm and Farmers Insurance rank gender the same way and offer lower average monthly rates to female drivers. While it is only about a $3 difference, it is higher than the national average between male and female drivers.

Which is cheapest for men?

If your goal as a male driver is to find affordable car insurance rates, you should consider State Farm Auto Insurance over Farmers Insurance. With State Farm coming in $50 lower than Farmers and about $20 cheaper than the national average, it offers great coverage options at an affordable price.

GenderState FarmFarmersNational Average
Men$54$108$81
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Which is cheapest for women?

Female drivers who hunt for the best car insurance quotes should start with State Farm over Farmers insurance. On average, quotes for State Farm are around $600 cheaper per year and well below the national average.

GenderState FarmFarmersNational Average
Women$50$106$78
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Compare State Farm vs. Farmers Car Insurance by Mileage

In general, unless an insurance company offers a discount for low mileage, rates often stay the same whether you drive your vehicle 5,000 miles a year or 20,000 miles a year. For instance, drivers looking to purchase coverage with State Farm will notice that State Farm car insurance rates tend to remain the same.

On the other hand, Farmers Insurance offers better rates to drivers who plan to keep annual miles to a minimum. There is a $10 per month difference between driving a vehicle 5,000 miles per year and driving it 15,000 miles.

Which is cheapest for drivers with high mileage?

Drivers who commute to work and use their vehicle for frequent travel tend to have higher annual miles. If you plan on driving between 15,000 and 20,000 miles each year, it will make sense to choose State Farm over Farmers. Not only is it $55 cheaper than Farmers, but it also has lower rates than the national average.

Annual MileageState FarmFarmersNational Average
15,000-20,000$50$106$78
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Which is cheapest for drivers with low mileage?

Drivers who only use their vehicle for part of the year or only for work may fall into the low-mileage category. While Farmers Insurance offers an insurance discount for keeping annual miles around 5,000, it is still more expensive than State Farm.

Annual MileageState FarmFarmersNational Average
5,000$51$96$78
10,000$50$106$78
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Compare State Farm vs. Farmers Car Insurance by Credit Score

Most drivers aren’t aware that their credit scores could impact their monthly auto insurance rates. The difference between a good credit score and a bad credit score can often be upwards of $100 with some insurance providers.

The increase isn’t as drastic with State Farm and Farmers Insurance, but it’s still significantly more expensive for a driver with bad credit to obtain coverage.

Which is cheapest for good credit?

If you are a driver with good credit, you should choose State Farm over Farmers for your auto insurance. By choosing State Farm, you will save an average of $40 per month on coverage.

Credit TierState FarmFarmersNational Average
Excellent$34$68$60
Good$43$85$71
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Which is cheapest for bad credit?

A bad credit score often means that your car insurance quotes will increase. This is true for State Farm and Farmers, where rates are well above the national average and around $60 higher than quotes for a driver with good credit.

Credit TierState FarmFarmersIndustry Average
Poor$117$135$120
Average$51$91$78
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Compare State Farm vs. Farmers Car Insurance by Driving Record

When you request a free quote from an insurance provider, many factors go into a rate—age, location, credit score, and gender. However, a motorist’s driving record is often the one piece of information that affects the overall rate the most.

If a driver has a clean driving record, they are likely to receive better rates than drivers with any incidents in their driving history. Although not all incidents are the same, some can impact your monthly premiums more than others. For instance, one speeding ticket may only increase your rates by $10, while a DUI can result in your premium doubling.

State Farm and Farmers Insurance have more lenient stances regarding driving records. While they reward drivers with a clean record, the penalties for drivers with speeding tickets, at-fault accidents, and DUIs aren’t as drastic as with other insurance companies.

Which is cheapest for good drivers?

State Farm offers cheaper rates for drivers with a clean driving record. Overall, a State Farm policyholder with a clean record can expect to pay $51 per month, while a Farmers policyholder will pay $91 for coverage.

Driver TypeState FarmFarmersIndustry Average
Clean Record$51$91$78
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Which is cheapest after a speeding ticket?

Drivers that have a speeding ticket on their driving record will find the cheapest rates with State Farm. Monthly premiums only tend to increase by $8, whereas rates on a policy provided by Farmers increase by almost $40 per month.

Driver TypeState FarmFarmersIndustry Average
Speeding Ticket$59$129$104
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Which is cheapest after an accident?

Following an accident, insurance rates often increase unless your insurance company has accident forgiveness. Rates for both companies increase after an at-fault accident. However, State Farm remains the cheapest. The average monthly rate for a driver with an accident is only $64 per month compared to Farmers, which is more than double that.

Driver TypeState FarmFarmersIndustry Average
At-Fault Accident$65$127$113
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Which is cheapest after a DUI?

Farmers Insurance has a more forgiving view on drivers with a DUI on their driving record compared to the national average. However, State Farm still has the lowest rates of the two companies, with a monthly average of $75 compared to the $127 average of Farmers Insurance.

Driver TypeState FarmFarmersIndustry Average
DUI$75$127$155
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

State Farm vs. Farmers Car Insurance: What discounts does each offer?

Discount TypeState Farm InsuranceFarmers Insurance
Multi-policy
Multi-vehicle
Good student
Student away at school
Safe driver
Anti-theft device
Vehicle safety
Accident-free
Defensive driving course
Affinity
ePolicy
Good payer
Youthful driver
Shared family car
On your own
Senior driver
Homeowner
Alternative fuel
EFT
Pay in full
Daytime running lights
Homing device
VIN etching

Our Methodology and How We Compared State Farm and Farmers

The car insurance quotes provided in Insurify’s insurance company comparison guides are based on the analysis of over 50 thousand insurance quotes from 500 ZIP codes nationwide. Insurify’s data science team performs a comprehensive analysis of factors car insurance providers weigh to calculate rates, including driver demographics, driving record, credit score, desired coverage level, and more to give representative samples.

Insurify’s analysis also incorporates the Insurify Composite Score (ICS) assigned to each insurance provider. The ICS is a proprietary rating calculated by weighing multiple factors that reflect the quality, reliability, and health of an insurance company.

Ratings used to calculate the ICS include Financial Strength Ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews.

With the above insights and ranking methods, Insurify is able to offer car insurance shoppers a window into how insurance providers compare to one another in terms of both cost and quality.

Frequently Asked Questions: State Farm vs. Farmers

  • After comparing rates for different subgroups, State Farm consistently outperformed Farmers regarding pricing. State Farm also had the lower average monthly rate for standard car insurance, at $52.

  • There are great things about both companies. However, after closely reviewing financial strength ratings, insurance products, customer satisfaction scores, and pricing, State Farm performed better than Farmers Insurance.

  • Comparing car insurance rates can be a daunting task, especially if you don’t have a comparison tool. To help make the shopping experience easier, Insurify allows potential policyholders to review and compare multiple policies from the largest providers on a single page.

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Doug Shaffer
Doug Shaffer

Content Writer at Insurify

Doug Shaffer works as a content writer. He has had the opportunity to write for several national insurance carriers in the past and brings with him over six years of experience working with both business and consumer products. He enjoys being able to break down complex insurance jargon to allow consumers to fully understand their policies.

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